Financial and Banking News


OFID lends $6mn to South Yemen and Comoros

The OPEC Fund for International Development (OFID) has agreed to lend $6mn to South Yemen and The Comoros, according to agreements signed on 22 April. South Yemen will receive $5mn to finance the Laboos water supply project whose total cost is $22.56mn and is to be completed in three years. The Arab Fund for Economic and Social Development (AFESD) as well as the South Yemeni Government are also contributing to...